NexGen Energy Expands High-Grade Uranium Zone at PCE and Launches Largest-Ever Exploration Program

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This filing details highly positive exploration results, indicating a substantial increase in the known high-grade uranium mineralization at the Patterson Corridor East (PCE) discovery. The expansion of both the vertical extent and strike length of the high-grade subdomain, along with the overall mineralized footprint, suggests a growing and robust resource. The planned 2026 exploration program, which is the largest to date for PCE and includes initial drilling at the SW3 property, demonstrates the company's confidence in further expanding its uranium assets. These developments are material for a uranium developer, reinforcing the potential for future resource upgrades and long-term value creation, especially given the current positive outlook for nuclear energy.

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• PCE High-Grade Subdomain Expansion

  The high-grade subdomain at Patterson Corridor East (PCE) increased its vertical extent by 23% to 412 meters, with the overall mineralized footprint expanding to 700 meters vertical and 620 meters strike length.

• Significant Drill Results

  Final 2025 drill holes continued to expand mineralization, with hole RK-25-257 intersecting local off-scale (>61,000 cps) at depth, indicating further expansion potential.

• Largest Exploration Program Commenced

  NexGen is commencing a 45,500-meter diamond drilling program for 2026, including 42,000 meters at PCE and an inaugural 3,500-meter program at its 100% owned SW3 property.

• Strategic Growth Potential

  The company's CEO highlighted the systematic growth and strong continuity of mineralization at PCE, comparing it to the flagship Arrow deposit, and emphasized the world-class prospectivity of NexGen's land holdings.

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This filing details highly positive exploration results, indicating a substantial increase in the known high-grade uranium mineralization at the Patterson Corridor East (PCE) discovery. The expansion of both the vertical extent and strike length of the high-grade subdomain, along with the overall mineralized footprint, suggests a growing and robust resource. The planned 2026 exploration program, which is the largest to date for PCE and includes initial drilling at the SW3 property, demonstrates the company's confidence in further expanding its uranium assets. These developments are material for a uranium developer, reinforcing the potential for future resource upgrades and long-term value creation, especially given the current positive outlook for nuclear energy.